FIH Mobile Limited

SEHK:2038 Stock Report

Market Cap: HK$14.5b

FIH Mobile Past Earnings Performance

Past criteria checks 2/6

FIH Mobile has been growing earnings at an average annual rate of 20.1%, while the Electronic industry saw earnings declining at 1.1% annually. Revenues have been declining at an average rate of 10.8% per year. FIH Mobile's return on equity is 3.6%, and it has net margins of 0.8%.

Key information

20.10%

Earnings growth rate

19.63%

EPS growth rate

Electronic Industry Growth4.85%
Revenue growth rate-10.84%
Return on equity3.56%
Net Margin0.79%
Last Earnings Update31 Dec 2025

Recent past performance updates

Recent updates

Analysis Article Jun 21

FIH Mobile (SEHK:2038) Stock Looks Expensive After Final Dividend Confirmation

FIH Mobile (SEHK:2038) has confirmed its final ordinary dividend for the 2025 financial year, setting the payout in Hong Kong dollars with defined ex dividend, record, and payment dates that may prompt investors to reassess their positions. See our latest analysis for FIH Mobile. The HK$24.88 share price has been volatile, with a 1-day share price return of 1.63%, a 7-day share price return of 5.33%, and a 30-day share price return that is down 9.59%. However, the 90-day share price return of...
Analysis Article Dec 04

Is FIH Mobile (HKG:2038) Using Too Much Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Oct 02

Revenues Not Telling The Story For FIH Mobile Limited (HKG:2038) After Shares Rise 25%

FIH Mobile Limited ( HKG:2038 ) shares have continued their recent momentum with a 25% gain in the last month alone...
Analysis Article Sep 08

FIH Mobile (HKG:2038) Is Experiencing Growth In Returns On Capital

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Jul 15

Optimistic Investors Push FIH Mobile Limited (HKG:2038) Shares Up 25% But Growth Is Lacking

FIH Mobile Limited ( HKG:2038 ) shares have continued their recent momentum with a 25% gain in the last month alone...
Analysis Article May 23

Subdued Growth No Barrier To FIH Mobile Limited (HKG:2038) With Shares Advancing 41%

FIH Mobile Limited ( HKG:2038 ) shares have had a really impressive month, gaining 41% after a shaky period beforehand...
Analysis Article Apr 07

FIH Mobile Limited's (HKG:2038) Popularity With Investors Under Threat As Stock Sinks 27%

FIH Mobile Limited ( HKG:2038 ) shares have had a horrible month, losing 27% after a relatively good period beforehand...
Analysis Article Dec 11

Unpleasant Surprises Could Be In Store For FIH Mobile Limited's (HKG:2038) Shares

With a median price-to-sales (or "P/S") ratio of close to 0.4x in the Electronic industry in Hong Kong, you could be...
Analysis Article Sep 24

FIH Mobile (HKG:2038) Has Debt But No Earnings; Should You Worry?

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Aug 09

FIH Mobile Limited's (HKG:2038) Share Price Could Signal Some Risk

With a median price-to-sales (or "P/S") ratio of close to 0.4x in the Electronic industry in Hong Kong, you could be...
Analysis Article Apr 10

Optimistic Investors Push FIH Mobile Limited (HKG:2038) Shares Up 38% But Growth Is Lacking

FIH Mobile Limited ( HKG:2038 ) shares have had a really impressive month, gaining 38% after a shaky period beforehand...
Analysis Article Dec 04

Is FIH Mobile (HKG:2038) A Risky Investment?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Analysis Article Aug 18

Is FIH Mobile (HKG:2038) Using Debt In A Risky Way?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Nov 17

Is FIH Mobile (HKG:2038) Weighed On By Its Debt Load?

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Analysis Article Sep 08

At HK$0.96, Is It Time To Put FIH Mobile Limited (HKG:2038) On Your Watch List?

While FIH Mobile Limited ( HKG:2038 ) might not be the most widely known stock at the moment, it saw significant share...
Analysis Article Jul 07

Estimating The Intrinsic Value Of FIH Mobile Limited (HKG:2038)

Today we will run through one way of estimating the intrinsic value of FIH Mobile Limited ( HKG:2038 ) by taking the...
Analysis Article Apr 20

We Think That There Are Some Issues For FIH Mobile (HKG:2038) Beyond Its Promising Earnings

FIH Mobile Limited's ( HKG:2038 ) healthy profit numbers didn't contain any surprises for investors. We believe that...
Analysis Article Dec 20

FIH Mobile (HKG:2038) Has Debt But No Earnings; Should You Worry?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...
Analysis Article Aug 24

Is FIH Mobile (HKG:2038) Using Debt Sensibly?

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's...
Analysis Article Feb 08

Loss-Making FIH Mobile Limited (HKG:2038) Set To Breakeven

We feel now is a pretty good time to analyse FIH Mobile Limited's ( HKG:2038 ) business as it appears the company may...
Analysis Article Dec 18

A Look At FIH Mobile's (HKG:2038) Share Price Returns

Generally speaking long term investing is the way to go. But that doesn't mean long term investors can avoid big...

Revenue & Expenses Breakdown

How FIH Mobile makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

SEHK:2038 Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Dec 256,658537080
30 Sep 256,263358069
30 Jun 255,869178957
31 Mar 255,786-19654
31 Dec 245,703-2010250
30 Sep 245,684-6115152
30 Jun 245,665-10220054
31 Mar 246,055-11124856
31 Dec 236,446-12129657
30 Sep 237,196-11029260
30 Jun 237,946-9828963
31 Mar 238,670-8527069
31 Dec 229,394-7225274
30 Sep 229,082-622078
30 Jun 228,7706118781
31 Mar 228,6765918494
31 Dec 218,58356180106
30 Sep 218,893-23189130
30 Jun 219,204-102197153
31 Mar 219,070-138195163
31 Dec 208,935-174193172
30 Jun 2011,658-49187153
31 Mar 2013,018-41198155
31 Dec 1914,379-33210158
30 Jun 1914,694-415184183
31 Mar 1914,781-547219199
31 Dec 1814,868-679255215
30 Sep 1814,600-767440211
30 Jun 1814,269-677481207
31 Mar 1813,175-601470184
31 Dec 1712,080-525459161
30 Sep 1710,190-303378146
30 Jun 178,301-80297130
31 Mar 177,26729259124
31 Dec 166,233138222117
30 Sep 166,081130212112
30 Jun 165,929121203106
31 Mar 166,690175205111
31 Dec 157,451229206115
30 Sep 157,913239217128

Quality Earnings: 2038 has a high level of non-cash earnings.

Growing Profit Margin: 2038 became profitable in the past.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: 2038 has become profitable over the past 5 years, growing earnings by 20.1% per year.

Accelerating Growth: 2038 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 2038 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Electronic industry (12.1%).


Return on Equity

High ROE: 2038's Return on Equity (3.6%) is considered low.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/06 02:05
End of Day Share Price 2026/07/06 00:00
Earnings2025/12/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

FIH Mobile Limited is covered by 21 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yingchao YangBarclays
Adnaan AhmadBerenberg
Robert ChengBofA Global Research